OLD Mutual Africa Regions (OMAR) says it is well-positioned to drive growth and financial inclusion across Zimbabwe and the rest of the African continent, committing to compliance and good governance.
With a presence in 10 countries, including Zimbabwe, OMAR said it was also well-positioned to tap into the region’s growing demand for financial services.
Clement Chinaka, managing director of Old Mutual Africa Regions (OMAR), said as the company continues to evolve and adapt to changing market conditions, it remains committed to supporting local economies and communities and promoting financial inclusion across the continent.
“In Zimbabwe, we directly operate through our subsidiary Old Mutual Zimbabwe, and we support the business to remain a significant player in the country.
“We believe, as Old Mutual, that what is good for the communities that we operate in is also good for Old Mutual, and that is the principle that guides our subsidiaries and how they engage with the market in which they are operating,” he said.
Chinaka said in Zimbabwe, while the regulatory environment changed often, the group’s attitude to compliance is no will to non-compliance with the regulations.
For the year ended December 31, 2024, OMAR achieved a 56 percent growth in customers and a 17 percent increase in net client cash flows.
Despite operating in different jurisdictions, Old Mutual Africa Regions demonstrated resilience and adaptability, driven by its strategic focus on expansion, innovation and digital transformation. The Herald
